Only one issue in 04 - Jobs. & Sing along.

[junker]

No more source material at this moment, but I am awaiting some items to post. I thought to note for those who advise the candidates, do not lose focus of the prime issue within the globe now. JOBS.

The repubs will attempt to set foreign policy and other distraction items as 'the agenda' for the election. Don't let them.

ALWAYS remember, there is only ONE issue, and it is jobs.

Iraq? Terror? None of these are more important than the jobs issue.

First do not use any govt supplied stats. They are in correct. We are still looking at 3+ million jobs lost so far.

By the time we get to June/Early July (the housing and market crashes being signaled last/this week by the bond market a'la 1932) the only issue any one any where will care about is are they going to have a job the next month.

Start looking to the macro indicators, the falling number of jobs being posted to online services (down 19% yoy for Dec 03), the amount of pay lost for the new jobs being created. The number of duplicate postings of what jobs there really are (govt counts the same job listed online and in the local paper as 2 job offerings - see household survey values sheet).

Respected publications such as the Economist and Asia Times are saying the bubble in global housing is popping (not hissing out, but gonna blow).

Dollar losses against other currencies and gold are merely symptomatic to the derivatives based fiasco developing.

As a point of history, please note it was not the crash of the Stock market in 1929 that signalled the depression, as that market had retracements near 50% over the next few years. Rather it was the 1932 bond market meltdown which shouted "GLOBAL DEPRESSION COMING".

That same market meltdown started last thursday and is continuing unabated and mostly unreported.

good luck to us all.

As a bit of entertain ment, I present the Job Bone song.

DRY JOB BONES

Dam bones. dam bones, dam dry bones
Dam bones, dam bones, dam dry bones
Dam bones, dam bones, dam dry bones
Now hear the word of our Load

0, Greenspan connected dam dry bones
0, Greenspan connected dam dry bones
0, Greenspan connected dam dry bones
Now hear the word of our Load

The vote bone connected to the job bone
The job bone connected to the rent bone
The rent bone connected to the food bone
Now hear the word of our Load

The food bone connected to the gas bone
The gas bone connected to the heat bone
The heat bone connected to the phone bone
Now hear the word of our Load

The phone bone connected to the dollar bone
The dollar bone connected to the work bone
The work bone connected to the vote bone
Now hear the word of our Load

The hand bone connected to the debt bone
The debt bone connected to the home bone
The home bone connected to the job bone
Now hear the word of the Loan

The job bone connected to the shoulder bone
The shoulder bone connected to the grind bone
The grind bone connected to the vote bone
Now hear the word of our Load

Dam bones, dam bones gonna' walk around
Dam bones, dam bones gonna' walk around
Dam bones, dam bones gonna' walk around
No jobs to be found in this town.

Dam bones, dam bones, dam dry bones
Dam bones. dam bones, dam dry bones
Dam bones, dam bones. dam dry bones
Now hear the word of our Load

[54anickel]

1. Love the song, Junker. Yes things are looking bleak and turning rather

quickly now. But, I must admit, it is facinating to watch. Sort of like storm/tornado watching when I was a kid.

[54anickel]

2. Here's a set of articles from a year ago. Interesting to go back to

old predictions and see how they've panned out.

http://www.depression2.tv/chronicles/pop-3.html